Sax Wealth Advisors LLC Increases Stock Position in Deere & Company $DE

by · The Cerbat Gem

Sax Wealth Advisors LLC increased its position in Deere & Company (NYSE:DE – Free Report) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 683 shares of the industrial products company’s stock after purchasing an additional 85 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Deere & Company were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial acquired a new stake in Deere & Company in the second quarter valued at $965,000. BankPlus Trust Department raised its holdings in Deere & Company by 1.9% in the second quarter. BankPlus Trust Department now owns 2,794 shares of the industrial products company’s stock valued at $1,421,000 after acquiring an additional 51 shares in the last quarter. Shell Asset Management Co. raised its holdings in Deere & Company by 39.0% in the second quarter. Shell Asset Management Co. now owns 10,583 shares of the industrial products company’s stock valued at $5,381,000 after acquiring an additional 2,972 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in Deere & Company by 7.6% in the second quarter. Joel Isaacson & Co. LLC now owns 1,438 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 101 shares in the last quarter. Finally, Slow Capital Inc. raised its holdings in Deere & Company by 2.4% in the second quarter. Slow Capital Inc. now owns 14,739 shares of the industrial products company’s stock valued at $7,499,000 after acquiring an additional 340 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DE. Citigroup cut their price target on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial upped their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson cut their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Daiwa Capital Markets dropped their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Finally, Oppenheimer dropped their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.88.

Check Out Our Latest Stock Report on DE

Deere & Company Stock Down 1.1%

Deere & Company stock opened at $455.73 on Friday. The company has a 50-day simple moving average of $480.23 and a 200-day simple moving average of $488.58. The firm has a market capitalization of $123.20 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.97 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a one year low of $387.03 and a one year high of $533.78.

Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.29 earnings per share. As a group, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is currently 33.87%.

Deere & Company Company Profile

(Free Report)

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

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